"Machine learning is a method of data analysis that automates analytical model building. It is a branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention."
Machine learning, a branch of artificial intelligence, is the process of using self-iterating algorithms to analyse massive amounts of data by learning from the information and processing it with minimal supervision. Essentially, machines can learn from themselves through advanced algorithms data scientists create. This technology has implications across all fields, which is why financial institutions, health services, and more are all scrambling to hire skilled data scientists.
Machine learning algorithms can collect and analyse data at a speed no human can. This type of model can forecast trends, create real-time data, and make accurate predictions based on the data.
Businesses can, therefore, make much smarter, data-driven decisions, gaining insights on their company that no human would even think to look for in a data set.
Machine learning offers lots of benefits to business which includes rapid processing, analysis, predictions, etc. It provides with the capability to deliver new products and services by lowering the cost of existing products.